Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sets New 12-Month Low – What’s Next?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $24.02 and last traded at $24.02, with a volume of 374886 shares trading hands. The stock had previously closed at $24.10.

Schwab Short-Term U.S. Treasury ETF Stock Performance

The stock’s fifty day moving average price is $24.10 and its two-hundred day moving average price is $24.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fiduciary Financial Group LLC increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,304,888 shares of the company’s stock valued at $55,640,000 after buying an additional 128,147 shares during the period. Charles Schwab Trust Co lifted its stake in Schwab Short-Term U.S. Treasury ETF by 3.4% in the second quarter. Charles Schwab Trust Co now owns 1,139,286 shares of the company’s stock worth $27,502,000 after acquiring an additional 37,603 shares during the period. SMI Advisory Services LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 1.3% in the second quarter. SMI Advisory Services LLC now owns 321,160 shares of the company’s stock worth $7,737,000 after acquiring an additional 4,138 shares during the period. Centurion Wealth Management LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 6.5% in the second quarter. Centurion Wealth Management LLC now owns 78,255 shares of the company’s stock valued at $1,889,000 after acquiring an additional 4,755 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at $592,000.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.